Mike Norman Economics

Overall, the prognosis for Xi Jinping and his successors being able to deliver on the monumental promises made in today’s speech, seem surprisingly doable. China has shown the world that it can make the difficult happen with speeds that shock many sceptics and with an exactitude that confounds students or previous rising economic giants. In this sense, it is not at all beyond the scope of reality that a 3.5 hour speech, may shape the next 100 years of Chinese and world history. Marx and...

Back to business as usual. Nothing accomplished other than a lot of hassle. TripleCrisisThe De-Digitisation of India Jayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New Delhi

Socialism with Chinese characteristics has entered a new era. The CPC has given shape to the Thought on Socialism with Chinese Characteristics for a New Era, a long-term guide to action that the Party must adhere to and develop. The Thought builds on and further enriches Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the Theory of Three Represents, and the Scientific Outlook on Development. It represents the latest achievement in adapting Marxism to the Chinese context.......

"Take a look at the history of the human race, women are documented to suffer from discrimination and suppression both in Oriental civilizations and in Western countries. Women have much more difficulty than men in defending their rights in life and marriage." This is the very first sentence from Radiant Girls, a new sex-ed textbook published by Shanghai Educational Publishing House especially for girls in the fourth or fifth grade of elementary school.... Teaching basic feminism right out...

Perhaps it's time for Trump to go, but who's going to replace, Mike Spence? Is there anyone who is a safe pair of hands out there, well, the world depends on it? A war with Iran would be an terrible tragedy and the loss of life enormous. Regardless of their leaders the Iranians are world renowned for their friendliness, which has something to do with Iran being a trading route in the past where traders brought goods and custom.  Democratic Rep. Steve Cohen said Sunday that it's not just...

Some interesting history.MoneynessAn example of tax-driven money during the greenback eraJP Koning

Polarization.GallupTrump Presidency Draws Strong Support, Stronger Opposition Jim Norman

You might call Cotton, who is now being touted as the next director of the CIA, the “Trump whisperer.” In fact, according to the Weekly Standard, in a recent meeting with his top national security and foreign policy advisers, “having failed to receive the decertification option from his own team, Trump called Senator Tom Cotton and put him on speakerphone. The president asked Cotton to make the case for decertifying the Iran deal. Cotton took five minutes and walked Trump and his team...

"Starting from November 1, 2017, the Bank of Russia will post gold procurement bids during trading sessions of the Moscow Exchange along with gold purchases on the over-the-counter market for purposes of developing the organized market of precious metals and increasing the number of counterparties," the Central Bank said. TASSBank of Russia to start buying gold on Moscow Exchange

The renewed US offensive against Iran is not so much about its nuclear capability or even its missile program; it is about Iran rollback and hobbling its economy. Ever since President Obama signed the Iran agreement, howls of disapproval were heard from both Israel and a number of Gulf States, which were not dismayed so much at the sunset clause on Iran’s nuclear refinement as they were at Iran’s escape from economic sanctions. The real danger, in their eyes, is Iran’s economic break out...